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Why Some Condos in London Ontario Take Longer To Sell

 London Ontario condos, be they townhouses, or apartment condos took an average 11 days to sell as of June 25, 2019!  However, of the 957 that sold 126 of them were on the market 66 days! When the asking price of a condo in London, Ontario is higher compared to others that are for sale or have sold in the last few months, here is what happens!


  • LOW Final Sales Price – An overpriced condo, still on the market beyond the average selling time, usually leads to a lower selling price. To sell it, you will have to reduce the amount, sometimes several times. In the end, you’ll likely get less than if it had been correctly priced at the start.
  • Limited Buyers – Potential buyers may not view your condo because it would be out of their price range.
  • Limited Showings – Realtors may be reluctant to view your condo or bring their clients as it may be perceived as a “stale’ listing.
  • Extended Stay on the Market – When a home is on the market too long, buyers wonder, “what’s wrong,” or “why hasn’t this sold?”
  • Wasted Time and Energy – For example, a buyer who gets a bank appraisal on an overpriced condo will quickly determine that they’ve wasted their time because the evaluation will not support the sales price and the buyer will not be able to get the financing.

Weeks on Market For a London condo to Sell

Well maintained, correctly priced condos always sell quicker and at asking price or more! Let me show you how you can sell your condo in London Ontario quicker and for money.

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Ty Lacroix

"Not All Realtors Are The Same"! This website and content are for you and are designed and constantly upgraded with the latest real estate trends, how-tos, and what is for sale on MLS. Our primary focus is guiding home buyers and sellers to make good decisions. We believe selling real estate is a process, not an event or knee-jerk reaction; we sleep well at night and ensure our clients do as well! We are not for everybody, nor can we please everybody, nor do we tell people what they want to hear; I know that may be old-fashioned and boring, but we are dealing with hundreds of thousands of your hard-earned money. Would you rather be happy, excited and bored or unhappy, excited and make a poor choice? About Ty I am a Broker with Sutton Group Preferred Realty Inc., Brokerage and the team leader for The Envelope Real Estate Group, that's enough about me! You see, this is about you, you do not want to hear blah blah stuff about awards, designations, or that we walk older adults across the street (I used to help old ladies cross the street, but as I got older I did not want my wife to think I was flirting) the reincarnation of Mother Teresa, walk on water or anything else to impress you. We let the numbers speak for themselves; success leaves clues!

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